VZMD – investo.si Salendrova 4 SI-1000 Ljubljana Slovenia Phone: +386 1 25 11 420 Fax: +386 1 25 11 421 Mobile: +386 31 770 771 www.vzmd.si [email protected] investors’ exposition and conference Eurofinuse activities are partly funded by the European Commission www.investo.si world’s largest international meeting of investors’ representatives Since 2005 the VZMD has been and will continue to be a dependable and effective advocate for the rights and interests of minority shareholders in the Republic of Slovenia VZMD – PanSlovenian Shareholders’ Association Title: VZMD – investo Expo Salendrova 4, 1000 Ljubljana Contents: VZMD, EuroFinuse, Euroshareholders, WFI, Ministry of invest-to.net represents the network of fifty-five national Telephone: +386 1 25 11 420 Foreign Affairs of the Republic of Slovenia, JAPTI, KPMG, organizations of shareholders and investors, which the Ljubljana Stock Exchange, Gorenje, Nova KBM, Krka, Mercator, VZMD’s (PanSlovenian Shareholders’ Association) Fax: +386 1 25 11 421 international investors program, investo.si – Invest to Petrol, Pivovarna Laško, Zavarovalnica Triglav, Žito Group, KD Slovenia, and its media, investo.tv, are also a part of Mobile: +386 51 770 771 Funds, BTC, Helios, Intereuropa, Valleynei Innovations, Telekom E-mail: [email protected] Slovenije, HSE Group, Perutnina Ptuj, Luka Koper, National Institute of Chemistry Slovenia, Bernardin Group Resorts & Websites: www.vzmd.si Hotels, ETI Elektroelement www.invest-to.net www.investo.si Design: Uroš Švigelj www.vzmd.tv Photography and pictures: Video studio Zmajček, VZMD, investo.si was established in 2008 as one of the central resources of information concerning possibilities and advantages www.investo.tv EuroFinuse, Euroshareholders, WFI, Ministry of Foreign Affairs of of investments and business activities in Slovenia the Republic of Slovenia, Mediaspeed.net, IEDC - Bled School of Management, JAPTI, KPMG, Ljubljana Stock Exchange, Gorenje, Nova KBM, Krka, Mercator, Petrol, Pivovarna Laško, Zavarovalnica PanSlovenian Shareholders’ Association Institute Triglav, Žito Group, KD Funds, BTC, Helios, Intereuropa, Valleynei is registered by district Court of Ljubljana, registration number: Innovations, Telekom Slovenije, HSE Group, Perutnina Ptuj, Luka 1/47258/00 Koper, National Institute of Chemistry Slovenia, Bernardin Group investo.me - Invest to Montenegro is newly establish Resorts & Hotels, ETI Elektroelement affiliate of invest-to.net – first presented on Slovenian day at the Warsaw Stock Exchange in October 2011 Editress: Maruša Verbič Koprivšek VAT number: SI31429726 Publisher: VZMD Graphic preparation:Fotolito Dolenc, d.o.o. IBAN: SI56 0201 0025 6523 838 Print: Alfagraf trade, d.o.o. NLB, d.d., Ljubljana, Slovenia Edition:2000 copies Swift: LJBASI2X Year of publishing: 2012 investo Expo, where numerous Slovenian and foreign companies, projects, and relevant organizations showcase Matriculation number: 2301962 and also actively participate In the five years from the establishment of www.vzmd.tv, and www.investo.tv, VZMD has broadcasted over 240 videos and more than 50,000 viewers have been witnessing the VZMD’s influential societal role Investors' Week & investo Expo HONORARY Jella Benner-Heinaacher President of Euroshareholders and EuroFinuse COMMITTEE Karl Viktor Erjavec Minister of Foreign Affairs of the Republic of OF THE Slovenia “INVESTORS' Roger Ganser Chairman of WFI Jean-Pierre Paelinck, Ph.D. President and Secretary General of WEEK” WFI; Honorary Secretary General of Euroshareholders Prof. Stanislav Radovan Pejovnik, Ph.D. Rector of the University of Ljubljana Prof. Ernest Petrič, Ph.D. President of the Constitutional Court of the Republic of Slovenia Guillaume Prache Secretary General of Euroshareholders; Managing Director of EuroFinuse Prof. Danijel Rebolj, Ph.D. Rector of the University of Maribor Andrej Šketa, MBA President of the Ljubljana Stock Exchange Janez Šušteršič, Ph.D. Minister of Finance of the Republic of Slovenia Prof. Ludvik Toplak, Ph.D. President of Alma Mater Europea-European Center Maribor; President of VZMD Board of Experts Gregor Virant, Ph.D. President of the National Assembly of the Republic of Slovenia 2 Foreword by the VZMD President 2012 the PanSlovenian Shareholders' Association WFI, Euroshareholders and EuroFinuse proves this as Slovenia (VZMD) celebrates the seventh year of institutional or a VZMD representative has been elected to the highest de- In operation. This occasional magazine was issued for cision-making bodies of the last two, the Executive Board and the purpose of investo Expo, investors’ exposition – world’s the Board of Directors. largest international meeting of investors’ representatives and Regarding the trustworthiness and reputation the VZMD has international investors’ conference on financial education – the gained in the international arena, it is worth noting that with main event within the framework of the Investor's Week, and its program investo.si, the VZMD has been entrusted with or- it bears witness to constant expansion of our scope of work. ganizing the largest international meeting of investors’ repre- It contains picturesque presentations of participants, compa- sentatives in 2012 – Investor's Week and investo Expo. nies, business entities and other relevant organizations, and co In September Ljubljana hosts over hundred representatives of organizers of the event, which marks the first time that three international shareholders' and investors' organizations form prominent international organizations, the World Federation 55 states, where the above mentioned influential international of Investors (WFI), the European Shareholders Association organizations for the first time hold annual assemblies in the (Euroshareholders) and the European Federation of Financial same place and at the same time. VZMD has therefore also Services Users (EuroFinuse), are meeting simultaneously, and decided to organize an investors’ exposition, where compa- over 100 representatives of shareholders and investors from nies, business entities and other relevant organizations from around the world are gathering in Ljubljana. Slovenia, South European region and a wider area introduce The VZMD office in downtown Ljubljana, which is open on themselves and actively participate. workdays at least between 9:00 and 17:00, have since become Once again VZMD has been opened for cooperation and has much more than just a vibrant venue for meetings, consulta- invited all institutions, communities, business entities and indi- tions, education, constant phone calls and the constantly -in viduals from Slovenia, from the region and from a wider area to tertwining activities of VZMD and the programs for (foreign) take advantage of this exceptional opportunity to materialize investors called Invest to Slovenia – investo.si and Internati- and expand their interests and business plans. onal Investors’ Network – invest-to.net. The tasks ahead of us multiply daily and they are becoming To illustrate, so far we have sent over 500,000 letters, received increasingly responsible and demanding. To us, this is an ad- over 45,000 phone calls and over 95,000 letters, we are a party ditional confirmation of our global usefulness and the need in over 30 proceedings and more than 80,000 individuals are for organized activities of minority shareholders and individual directly participating the Association's activities and projects. investors as well as the growth of the Association and its pro- We pride ourselves on efficient and integral organization grams. To ensure that VZMD can handle any additional chal- of care for the minority shareholders' rights and interests in lenges and tasks, we constantly hire competent people and many companies and in the Republic of Slovenia in general. prominent professionals. We have further strengthened our position as a trustworthy Standing upright, as up to now, often in straitened circum- and respected partner both in preparing legislation in the area stances, under intense pressures and without any public or as well making decisions on the future of many a company and budget funds, we have succeeded in establishing this notewor- in a broader social, European and international context. Mi- thy institution and we shall continue to follow our established nority shareholders have become a recognized and an increas- goals and mission. ingly emancipated social-economic category, especially in VZMD shall continue to efficiently protect the interests of mi- comparison with their status and developments before 2006, nority shareholders and investors, make sure that the process- when we finally managed to put a stop to a completely unre- es and decision-making in joint-stock companies are balanced strained and increasingly arrogant practice of double-crossing and contribute to improving the conditions on the equity and and ruthlessly curtailing minority shareholders. financial market as well as the economic situation of individu- In this restrictive economic situation, we are even more effi- als and the commonwealth of society. caciously committed to establishing and improving a construc- tive dialog with practically all parties on the equity and finan- Kristjan Verbič, M.Sc., VZMD President cial market in our region. Simultaneously, we have successfully established our presence in the international arena. Our active and recognized role in all related international associations 3 Programme of investors' conference & exposition Programme of investors' exposition, international investors' conference on financial